The Management & Economics Society (MES) of CIM is pleased to offer the following ONLINE short course (one-day course):

Mining Financial Modeling

Monday, Movember 6, 2023
9:00 am to 5:00 pm EDT

 

Location

ONLINE

 

OVERVIEW

This course focuses on the skills required to design and create a dynamic financial model for a mining company that is developing an open pit mine. Issues related to mining, milling and processing will be discussed. The course material includes model design, logic, construction and operational concepts to create a best-in-class financial model of a mining company. Various intermediate Excel tools along with helpful keyboard shortcuts will also be covered throughout the course.

 

TOPICS INCLUDE

Design and structure of a financial model:

• Design and layout a mining project model clearly and logically
• Discuss the need for a model to serve as a marketing tool
• Create clearly defined inputs and assumptions sections

Build Powerful Scenarios and Financial Statements:

• Use switches to create effective scenarios and value drivers
• Forecast and build up the project’s revenues and expenses
• Construct all necessary schedules, including:
  • Mine sequencing showing waste, ore and strip ratio
  • Commodity pricing for primary and secondary metals
  • Variable and fixed operating costs (including mining, milling and refining charges)
  • Development and maintenance capital costs
  • Depreciation schedule using a unit of production method
  • Resource tax (includes regional resource tax rules)
  • Working capital schedule
• Discuss by-product accounting for secondary metals
• Develop a cash flow projection for the mining project

Evaluate the Project and the Company:

• Incorporate a schedule to evaluate the project’s returns:
  • Pre Tax Unlevered Free Cash Flow (“UFCF”)
  • Net Present Value (“NPV”)
• Use various sensitivity tools to sensitize the project’s returns
• Conditionally format output tables to highlight specified results
• Build a dynamic summary page to display results for the project

 

LEARNING OUTCOMES

Participants design and create a financial model to determine the value of a mining company developing an open-pit mine. Participants leave the course with a dynamic model which evaluates the net present value of the project, internal rate of return as well as payback and discounted payback periods.

 

INSTRUCTOR

Dave Thomas, MBA, CFA, AFM – Co-CEO of Canada
Training The Street (acquired The Marquee Group in 2023) Principal, The Marquee Group

 

INSTRUCTOR’s BIO

Dave is a lead instructor, and since joining Marquee in 2012, he has taught hundreds of courses including training programs for analysts and associates at major banks, corporate business development and budgeting teams, undergraduate and post-graduate business students as well as legal professionals in Canada, the US, Mexico and China. He is also a visiting lecturer in Finance at the Ivey Business School. Dave worked in Investment Banking for 12 years at BMO Capital Markets. While at BMO, he was a Director in Equity Capital Markets and prior to that role, he was a member of the Utilities Group.

The Marquee Group has developed a framework and discipline for model design, structure and development. Marquee has provided training to professionals at financial institutions, corporations, professional organizations and universities since 2002.

 

WHO SHOULD ATTEND

This course is suited to mining company employees, capital market participants and others involved in analysis and evaluation of mining assets, and who aim to develop their modeling skills for mining projects.

Prerequisites: Participants will be sent a link in advance of the course and must use their computer to participate. Microsoft Excel is required for this course. Participants should have a working knowledge of Excel and mining projects. A laptop with any version of Excel is required for this course.

 

LOCATION

This course is being offered online. Note that there will be a 15-minute break in the morning and afternoon and a lunch break from 12:00 pm to 1:00 pm ET.

Cancellations are not permitted within 7 days of the start of the event, but a colleague may attend in your place. Note that only current, full-time students may attend with a ticket purchased at the student discount rate. For a complete cancellation and refund policy, click HERE.

 

REGISTRATION (Prices are subject to 13% HST)

Registration: $600

 

75% off Student Discount (Current, Full-Time Students only)

Please email a photo of both sides of your student ID to education@cimmes.org and include the name and date of the course you want to attend. You will be sent a discount code that you can use to complete your registration.

 

Please click HERE to register!

 

CPD/CE Credits, PD Hours: Eligible for CFA, CPA and P.Eng. professional development hours. Professional Geoscientists of Ontario (PGO) considers participation of its members in this course as an acceptable Continuing Professional Development activity.

 

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